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UNR Holdings, Inc.
Promotora Valle Hermoso Reports $89.3 Million in Revenues and $10.5 Million in Net Income for the Fiscal Year Ended December 31, 2008
ORLANDO, Fla., April 8, 2009 (GLOBE NEWSWIRE) -- Promotora Valle Hermoso Inc. (OTCBB:PVHI), anounced that total revenue for the year ended December 31, 2008 was $89.3 million, a decrease of 4.4% as compared to $93.4 million during the comparable period of 2007. The decrease was a result of a decrease in road base product revenues, from $43.0 million to $16.4 million; however the decrease in road product was offset by an increase in home building revenues, from $50.1 million to $72.9 million, representing higher sales of apartments from completed construction projects.